Jernigan Capital (NASDAQ:JCAP) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Jernigan Capital, Inc. (NASDAQ:JCAP)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.83 and traded as high as $19.45. Jernigan Capital shares last traded at $18.87, with a volume of 380,397 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JCAP. Weiss Ratings lowered Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Zacks Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Jernigan Capital presently has an average rating of “Moderate Buy” and an average price target of $25.20.

Jernigan Capital Price Performance

The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 7.29. The stock’s 50-day moving average is $17.83 and its 200 day moving average is $19.96.

Jernigan Capital (NASDAQ:JCAP) last released its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $154.80 million during the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. Analysts anticipate that Jernigan Capital, Inc. will post 2.53 EPS for the current year.

Jernigan Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio is 37.07%.

Institutional Trading of Jernigan Capital

Several institutional investors and hedge funds have recently made changes to their positions in JCAP. New York State Common Retirement Fund purchased a new position in Jernigan Capital in the 4th quarter valued at about $34,000. Quarry LP purchased a new stake in shares of Jernigan Capital during the third quarter worth about $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital during the third quarter worth about $60,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of Jernigan Capital by 133.1% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 1,921 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Jernigan Capital by 100.8% in the first quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 2,044 shares during the last quarter.

About Jernigan Capital

Jernigan Capital is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners and operators of self-storage facilities with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.